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OUR COMPANY AFFILIATES

CBRE GROUP

CBRE Group, Inc. is the world’s largest commercial real estate services and investment firm, with 2020 revenues of $23.8 billion and more than 100,000 employees (excluding affiliate offices). CBRE has been included on the Fortune 500 since 2008, ranking #122 in 2021. It also has been voted the industry’s top brand by the Lipsey Company for 20 consecutive years, and has been named one of Fortune’s “Most Admired Companies” for nine years in a row, including being ranked number one in the real estate sector in 2021, for the third consecutive year. Its shares trade on the New York Stock Exchange under the symbol “CBRE.”

CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services.

INVESTMENT SERVICES

CBRE Global Investors, combined with CBRE Clarion Securities and CBRE Caledon, is one of the world’s leading real asset investment managers with $124.5 billion in assets under management.

Built up over more than 40 years, our unparalleled platform is focused on real assets, giving our institutional clients access to real estate and infrastructure in the Americas, Europe and Asia Pacific. Our clients benefit from a complete range of investment solutions including equity and debt, direct and indirect, and listed and unlisted strategies.

Trammell Crow Company, founded in Dallas, Texas in 1948, is one of the nation’s oldest and most prolific developers of, and investors in, commercial real estate.The CBRE Global Investors and Trammell Crow Company platforms make up the Real Estate Investments division of CBRE Group.

The Real Estate Investments division is led by
Mike Lafitte, Global CEO, Real Estate Investments.

BLOGS

Regularly released content on the state of the real estate and infrastructure industry are produced by our subject matter experts and shared on their blogs. A selection of them can be found below.

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CBRE Caledon Acquires Bus Operator in Sweden

Stockholm, Sweden – January 27, 2021 – CBRE Caledon Capital Management Inc, announces the acquisition of Karlssonbuss, a regional and school bus operator in southern Sweden. The vendors of this family-owned bus operator, the Karlsson family, will continue to have a small equity stake in the business.

CBRE Caledon is making the investment on behalf of a fund sponsored by the firm as well as a separately managed account. It represents the second investment completed in the Nordics since 2019.

Karlssonbuss has been operating since 1949 in southern Sweden, with the majority of its customers being public transport authorities for regional routes and local authorities for school bus services.

Karlssonbuss is an established transport company with a strong performance track record and is a recognisable brand in Sweden. The company has demonstrated a history of successful growth by winning new Public Transport Authorities (PTA) contracts, diversifying its service and by acquiring transport companies.

The fleet of 171 buses currently uses biodiesel, a more environmentally friendly fuel with the intention to transition further to even lower carbon emission solutions in the future.

“We have acquired a non-cyclical transport business with low volume risk due to protection from availability contracts. With the ambition to transition to hybrid and hydrogen power, we will be managing a sustainable transport operation aligning with our net carbon zero target as a business.

We look forward to taking this successful operator and moving it onto the next level with our ability to invest and take advantage of future bus tenders and a fragmented industry structure“, commented Andreas Köttering, Partner and Head of Infrastructure Europe at CBRE Caledon.

CEO of Karlssonbuss, Andreas Karlsson, said, “We are very excited to partner with CBRE Caledon. We sought a partner that could help us to continue to build KarlssonBuss into a leading bus operator in Sweden and develop our EV capabilities. CBRE Caledon is an ideal partner due to their experience in sustainable transport and their commitment to greening transportation infrastructure.”

Stephen Dowd, Chief Investment Officer, Private Infrastructure Strategies, CBRE Caledon, added: “We expect the long-term nature of the PTA contracts will provide our investors with predictable cashflows and stable yields. With the potential for growth in an expanding market, this investment is an attractive addition to our clients’ portfolio.”

About CBRE Caledon

CBRE Caledon Capital Management Inc. is a leading infrastructure and private equity solutions provider. We create long-term value for clients by accessing and managing high-quality investment opportunities and building comprehensive infrastructure and private equity portfolios. Today, our dedicated team of 50 professionals represents $8 billion on behalf of institutional investors globally. CBRE Caledon is a separate business unit within CBRE’s independently operated investment management subsidiary, CBRE Global Investors. For more information about CBRE Caledon, please visit www.cbrecaledon.com.

About CBRE Global Investors

CBRE Global Investors is a global real assets investment management firm with $114.5 billion in assets under management* as of September 30, 2020. The firm sponsors investment programs across the risk/return spectrum for investors worldwide.

CBRE Global Investors is an independently operated affiliate of CBRE Group, Inc. (NYSE:CBRE). It harnesses the research, investment sourcing and other resources of the world’s largest commercial real estate services and investment firm (based on 2019 revenue) for the benefit of its investors. CBRE Group, Inc. has more than 100,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 530 offices (excluding affiliates) worldwide. For more information about CBRE Global Investors, please visit www.cbreglobalinvestors.com

*Assets under management (AUM) refers to the fair market value of real assets-related investments with respect to which CBRE Global Investors provides, on a global basis, oversight, investment management services and other advice and which generally consist of investments in real assets; equity in funds and joint ventures; securities portfolios; operating companies and real assets-related loans. This AUM is intended principally to reflect the extent of CBRE Global Investors’ presence in the global real assets market, and its calculation of AUM may differ from the calculations of other asset managers.

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